The Information hosted a Live Video Summit on “What’s Next in Cybersecurity” to learn from top security and trust executives from Adobe, Microsoft and Salesforce about how big tech companies are preparing for and dealing with threats such as ransomware attacks, which are on the rise.
Companies need to be prepared for cybersecurity attacks before they happen. Panelists suggested the following best practices:
- Use of multi-factor authentication for anyone with access to the company environment.
- Locking down administrator accounts to minimize impact of cyber attacks.
- Maintaining file backups offline so that business can continue amid ransomware attacks.
- Significant staff training throughout the organization.
- Testing, testing and more testing.
While these steps may not provide a full cyber shield, they may help minimize the damage from an attack, the panelists said.
“If a ransomware attack does happen, companies must decide whether or not to pay their attackers. Our official guidance is not to pay. However, customers have to make the decision that is best for their enterprise based on their risk tolerance,” said Ann Johnson, a Microsoft corporate vice president of cybersecurity solutions.
The Live Video Summit was hosted in partnership with Accenture. To learn more about Big Tech’s cybersecurity best practices, watch the full video.